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Southwest Airlines Stock Hits New 52-Week High (LUV)

Southwest Airlines (NYSE:LUV) hit a new 52-week high Wednesday as it is currently trading at $11.77, above its previous 52-week high of $11.76 with 4.6 million shares traded as of 3:20 p.m. ET. Average volume has been 7.5 million shares over the past 30 days.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Southwest Airlines (NYSE: LUV) hit a new 52-week high Wednesday as it is currently trading at $11.77, above its previous 52-week high of $11.76 with 4.6 million shares traded as of 3:20 p.m. ET. Average volume has been 7.5 million shares over the past 30 days.

Southwest Airlines has a market cap of $8.24 billion and is part of the services sector and transportation industry. Shares are up 11.3% year to date as of the close of trading on Tuesday.

Southwest Airlines Co. engages in the operation of a passenger airline that provides scheduled air transportation in the United States. The company has a P/E ratio of 20.2, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Southwest Airlines as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Southwest Airlines Ratings Report.